Business

Mbarara, Uganda | THE INDEPENDENT | President Yoweri Museveni on Friday reaffirmed his government’s ban on exportation of unprocessed minerals from the country. The President was commissioning the country’s first Tin Smelting factory in Ruti, Mbarara City making Uganda the fourth country to start the smelting of Tin in Africa. The factory …

Kampala, Uganda | THE INDEPENDENT |  The new tax proposals in the Excise Duty (Amendment) Bill 2024 once passed by Parliament, would make alcoholic beverages unaffordable to consumers, resulting in reduced volume sales, leading to a decline in annual tax revenues to the Government, according to alcoholic sector players. The …

  Kampala, Uganda | THE INDEPENDENT | Uganda Breweries has rewarded 118 business customers with prizes worth sh300 million under loyalty incentives for using the Diageo One App, an online portal that enables traders purchase products directly from the company’s distributors. Diageo One is a self-service tool that enables business …

Kampala, Uganda | THE INDEPENDENT | KCB Bank customers can now access loans of up to Shs250 million without collateral like land titles or car logbooks, to meet their personal finance and business needs. The loans, which have a repayment period of up to 84 months, come with interest rates of …

Mozambique doubles down on growth with Africa’s first dual benchmark rate cuts in 2024 as currencies across the continent score gains against the greenback. SPECIAL REPORT | BIRD AGENCY | Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first …

Fifty exhibitors and six hundred guests are expected to attend Kampala, Uganda | THE INDEPENDENT |  All is set for the ninth Oil and Gas Convention happening from April 17 – 18 at the Kampala Serena Hotel under the theme “The Journey to First Oil In The Face Of a …

Kampala, Uganda | THE INDEPENDENT |  UAP Old Mutual in collaboration with the National Social Security Fund (NSSF) Uganda have hosted a highly informative financial education engagement at the Kampala Sheraton Hotel. Themed, ‘Prosper in Retirement and Beyond’, the event targeted customers who are soon to be eligible for midterm …

SPECIAL REPORT | THE INDEPENDENT | African economies are projected to grow by 3.4 percent this year, according to the World Bank report, which rues the inability of these growth rates to eradicate poverty. The growth is deemed impressive, considering that last year, the economies grew at just 2.2 percent, however, …

The funds will be usd to facilitate  access to communication services in underserved areas Kampala, Uganda | THE INDEPENDENT | Telecom firm, Airtel Uganda, has handed over Shs 34.8 billion to the Uganda Communications Commission (UCC) in fulfillment of the Communications Act, aimed at bolstering the nation’s communication infrastructure. This contribution …

Uganda & South Sudan have underscored the shared commitment to bolster cross-border trade with a focus on streamlining clearance processes & enhancing security measures. SPECIAL REPORT | THE INDEPENDENT | Government officials, trade representatives from Uganda and South Sudan have agreed to strengthen cross-border trade relations and fostering regional integration. This …